2000 Garden View Ln | Cranberry Township, PA 16066
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2000 Garden View Ln
Cranberry Township, PA 16066
Hilton Garden Inn Pittsburgh/Cranberry · Hospitality Property For Sale · 73,787 SF
Investment Highlights
- Excellent location off Mars-Crider Road/Route 228 with strong visibility to the 33,371 vehicles passing by each day.
- Positioned a mile from the I-79 and I-76 interchange and just 10 miles north of Pittsburgh and surrounded by a wealth of nearby amenities.
- Given the current inflationary environment for construction materials and labor, the cost to replace this property today would be over $200K per room.
- Upon completion of the change-of-ownership PIP, it is anticipated that a new owner will be granted a new long-term franchise agreement from Hilton.
- Unencumbered by debt or management, there is a significant value-add for an experienced operator to come in and improve top-line revenue.
- The property is owned by an institutional CMBS Special Servicer and is managed by a third-party operator.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 5 |
| Property Subtype | Hotel | Year Built | 2012 |
| Building Class | B | Tenancy | Single |
| Lot Size | 2.88 AC | Parking Ratio | 1.46/1,000 SF |
| Building Size | 73,787 SF | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.88 AC |
| Building Size | 73,787 SF |
| No. Stories | 5 |
| Year Built | 2012 |
| Tenancy | Single |
| Parking Ratio | 1.46/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
PROPERTY TAXES
| Parcel Number | 130-4F44-35AE-0000 | Improvements Assessment | $1,048,939 |
| Land Assessment | $21,935 | Total Assessment | $1,070,873 |
PROPERTY TAXES
Parcel Number
130-4F44-35AE-0000
Land Assessment
$21,935
Improvements Assessment
$1,048,939
Total Assessment
$1,070,873
zoning
| Zoning Code | CCD-2 (Commercial Corridor) |
| CCD-2 (Commercial Corridor) |
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